< PreviousFUNDING30Pharma Business International www.pbiforum.netinnovation. Let’s take the example of cancerclinical trials and how specifically they’refunded. In the UK, cancer research isfunded by drug companies, charities andthe government. Oftentimes it will be acombination of one or more of the abovebecause running clinical trials requires asignificant cash injection. Research coststhat have to be covered include thetreatments themselves, as well as payingfor research staff who have to both runthe trial and collect the data. The costcontinues for staff and computertechnology who have to collate andanalyse the data. Moreover,administrative costs have to beconsidered to cover necessarypaperwork, data collection and, ofcourse, production of the results. Thenthere’s the cost of extra tests or hospitalstays for patients taking part. All of theseoverheads, and there’s no guarantee thetrial will yield any conclusive, useful orpositive results. Typically, the money required for testsand the costs of hospitals themselvescomes from the government. The NHS,meanwhile, fronts the costs of trials thatfall under the National Institute forHealth research Clinical Network’sportfolio of clinical trials. If a drugcompany is running the trial, however,they have to pay the hospital for thecosts of tests and patient staysthemselves. 28-31_Layout 1 09/06/2017 13:34 Page 3Pharma Business International 31www.pbiforum.netFUNDINGIn the UK, a significant proportion ofcancer research is funded outright bypharmaceutical companies. These canrange from companies looking to trial,develop and commercialise their owndrugs and treatments. It’s notuncommon for drug companies toproduce a grant or supply the drug freeof charge for trials run by otherorganisations. Collaboration isnecessary in furthering ourunderstanding, and often organisationsand companies will work togethertowards a common goal. Charities also have a critical role toplay in funding clinical trials and majoradvancements. In the UK, for example,Cancer Research UK provides the lion’sshare of funds into cancer research. Anassortment of other charities fundresearch into treatment for specificcancers and have collectively inchedforward our understanding of cancer andheralded major breakthroughs intreatment. Simply put, without charitiesraising capital, the cancer researchsphere would be a less innovative space. The Government currently funds healthrelated research through organisationsincluding the Medical Research Counciland the National Institute for HealthResearch. They also help to coordinatecancer research nationally through theNational Cancer Research Institute, all ofwhich help to support key studies andtrials. Running clinical studies, trials andbacking research requires a huge amountof funds to get off the ground. Thereexists a variety of options open to apharmaceutical company to front thecost and help bring a potential newtreatment to market.© Shutterstock / ampol sonthongIn the UK, a significant proportion of cancerresearch is funded outright by pharmaceuticalcompanies. These can range from companieslooking to trial, develop and commercialise theirown drugs and treatments28-31_Layout 1 09/06/2017 13:34 Page 432Pharma Business International www.pbiforum.netMonday 19 – Wednesday 21 June Pharmaceutical Packaging& Labelling SummitZurich, Switzerland Streamline your packaging processes,increase patient safety, ensure compliance andmeet regulatory deadlines in a timely and costefficient manner with expert advice fromleading representatives from across thepharma and biotech industries when morethan 100 industry professionals gather inZurich for Europe’s most senior-level industry-led packaging event. For more information,visit www.packaginglabelling.iqpc.com.Thursday 22 – Saturday 24 JuneToxicology and AppliedPharmacologyHotel Novotel Marne la ValléeNoisy le Grand, ParisThe 9th outing of the Euro-Global Summiton Toxicology and Applied Pharmacology willprovide an unprecedented opportunity fortoxicologists to share their research withcolleagues as well as discuss the latestadvancements in the field. With a number ofkeynote presentations, panel discussions,workshops and poster sessions, theconference is the perfect vehicle to not onlydive into your particular toxological interests,but also expand the scope of your knowledge.For more information, visit www.toxicology.global-summit.com.Monday 26 – Wednesday 28 JuneEuropean PharmaCongressMadrid, Spain The ninth annual European Pharma Congressincludes keynote presentations, talks, posterpresentations and exhibitions. Pharma Europe-2017 is a specially designed cluster pharmaconference. The main theme is ‘Latest Updatesof European Pharmaceutical Policies: TheImpact of developing and Marketing Drugs, itsRegistration & Approval’ which covers a widerange of critically important sessions. For moreinformation, visitwww.europe.pharmaceuticalconferences.com.Thursday 29 June – Saturday 1 JulyGlobal Conference onPharmaceuticals and DrugDelivery SystemsEurostars Rey Don Jaime,Valencia, SpainThis conference is designed to assist fellowresearchers by reviewing current practice andpolicies while disseminating examples ofinnovation. It is a unique chance to meetdifferent leaders and experts in your field, toshare experiences and perspectives, and tobuild institutional capacity in implementing anddesigning effective higher education policies.For more information, visitwww.pharmaceuticsconference.com.Monday 10 – Tuesday 11 JulyProtein and AntibodyGlobal Congress 2017 LondonThe Protein and Antibody Global Congresswill focus on engineering and the challenges inthe application of the latest antibody andvaccine designs. The adaption of newmutagenesis techniques and computationalPharmaEVENTSMonday 31 July – Tuesday 1 AugustAntibiotic and Antibiotic Resistance Hilton Garden Inn Milan North, ItalyFollowing a successful outing last year, the third instalment of theWord Congress and Exhibition on Antibiotics and AntibioticResistance brings together industry players alongside some of themost honoured persons from top universities across the globe. Aswell as covering the pressing issue of antimicrobial resistance, thecongress will also explore different types and applications ofantibiotics and the opportunities and challenges presented to theindustry and researchers. For more information, visitwww.antibiotics.pharmaceuticalconferences.com.© Shutterstock / ESB Professional32-33_Layout 1 09/06/2017 13:34 Page 1Thursday 6 – Friday 7 JulyPeptides Holiday Inn Kensington Forum, LondonThe 4th annual Peptides conference organised by SMi offers twopacked days allowing delegates to network, collaborate and learn. It’llfeature various key presentations by senior level industry professionalsand big pharma speakers. With the global peptide therapeutics marketnow estimate to reach $23.70 billion by 2020, this isn’t an event topass up lightly. For more information, visit www.smi-online.co.uk.design tools have great aided the development of high throughput platforms, thediscovery of new proteins and the refinement of protein and non-protein designand engineering. For more information, visit www.paradigmglobalevents.com.Monday 17 – Tuesday 18 JulyPharmacovigilance & Drug Safety 2017Holiday Inn Munich, GermanyThe 9th International Conference and Exhibition on Pharmacovigilance & DrugSafety is predominantly focussed on the new scientific and technical advancesin the field of pharmacovigilance & clinical trials, drug safety, regulatorycompliance risk management and the most recent advancements in clinicalresearch. Spread across two days, the conference will utilise technical andposter sessions on cutting edge tracks related to pharmaceutical sciences, aswell as offering networking opportunities. For more information, visitwww.pharmacovigilance.pharmaceuticalconferences.com.Monday 24 – Tuesday 25 JulyPharmacognosy, Phytochemistry & NaturalProductsNovotel Melbourne St Kilda, Australia Organised by ConferenceSeries, the Pharmacognosy, Phytochemistry &Natural Products conference provides a platform for thousands of pharmaciststo meet, learn and exchange views. It will do this through plenary sessions,poster exhibitions & section programmes, and workshops. For more information,email pharmacognosy@conferenceseries.net.www.pbiforum.netPharma Business International 33Pharmaceutical Packaging &Labelling Summit© Shutterstock / Raimundo79© Shutterstock / FabrikaSimf32-33_Layout 1 09/06/2017 13:34 Page 2FEATURESLaboratoriesHardware and SoftwareHygieneDistributionMarketingProcurementNext issue:Deadline - 26th July 2017REGULARSNewsEventsPharmaBUSINESS INTERNATIONALVisit us atwww.pbiforum.netwhere you’ll find thelatest news as it breaks – and why not subscribe to ournewsletters so you can have thelatest news emailed to yourinbox, in betweenprinted issues?@pbiforumwww.pbiforum.netcompany/po-business-international34_Layout 1 09/06/2017 13:35 Page 1Next >